Bitcoin (BTC) traders on the cryptocurrency exchange Binance have shown a bullish bias, with 75% of the 24-hour open positions being long. This hints at a positive sentiment from retail traders, but the volume remains neutral with a balanced long/short ratio.

Finbold retrieved data from CoinGlass on June 30, which shows the imbalance between unique account traders going long on Bitcoin. In particular, three in every four accounts opening derivatives positions have gone long, betting the price will increase from here.

This ratio refers to the last 24 hours for BTC/USDT perpetual contracts on Binance. Notably, this is, by a large margin, the most traded pair in the cryptocurrency market. Binance has over 50% of Bitcoins global volume, while the USDT makes over $1 trillion daily.

On the other hand, the overall trading volume for Bitcoin derivatives in all markets remains neutral and slightly bullish. 51.54% of the trading volume deployed to open positions in the last 24 hours is long BTC.

The divergence between the number of accounts and the USD volume suggests that longs are mostly held by retail traders. Usually, this class of investors acts through emotion, making decisions motivated by FOMO or FUD and becoming a target of whales that can move the market up and down, liquidating retail traders for profit.

As reported by Finbold, Bitcoin faces a challenging time amid sell-offs by the governments of Germany and the United States. Moreover, Mt. Gox has announced the repayment of over $8 billion in BTC, which has been awaited for over a decade.

In this context, Bitcoin miners started capitulating with record-low reserves and produced hashrate. Meanwhile, old-time supporters like Peter Thiel have lost conviction in the cryptocurrencys fundamental value proposition.

Nevertheless, the BTC price remains within a four-month range, testing support at $60,000, currently trading at $61,500. Crypto traders and investors still foresee a bright future for Bitcoin, with projections ranging from $80,000 to $500,000 despite the fundamental challenges.

BlackRock (NYSE: BLK) and other Bitcoin spot ETF issuers continue to push the maiden cryptocurrency among traditional finance investors, which is expected to generate mid-term demand. Wall Street has recently sold considerable amounts, but the ETFs still display monthly positive capital flows, indicating a bullish bias.

Nevertheless, everything can happen when trading volatile assets such as cryptocurrencies. Speculators must be cautious while getting too much exposure through leverage and understand the inherent risks within these operations.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk

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Three in every four Bitcoin traders are bullish on BTC - Finbold - Finance in Bold

Binance has tightened its grip on security to prevent account abuse, introducing new measures to enhance its platforms safety and integrity. According to its recent announcement, users must conform to these new measures to comply with Binances operational standards or face suspension.

Adopting such proactive measures reflects Binances commitment to promoting user safety and maintaining A-grade security procedures. Also, these measures come amid the rising security threats and scams in the crypto industry.

In a recent X post, Binance revealed cases where users exploited some account types to gain unfair advantages, including cheaper fee rates and higher API limits.

Notably, Binance offers users different types of accounts, including fund manager accounts, sub-accounts, and managed sub-accounts.

While these accounts have various legitimate business purposes, some users found loopholes to exploit. Binance states that some bad players abuse these features to bypass controls, even selling privileged account status.

Consequently, Binance has upgraded its monitoring framework to uncover potential misuse cases for all account types. The crypto exchange says it will thoroughly investigate all suspected incidents and take appropriate action.

Some punitive measures include account suspension or termination for users acting against Binances KYC/KYB policies and Terms of Use.

In adition, Binance introduced a reward program for users who report confirmed cases of account misuse. It also created a dedicated email address ([emailprotected]) where users can submit their reports.

Users can send their findings and complaints on accounts with suspicious activities and receive rewards for such verified reports on a case-by-case basis.

Meanwhile, Binance revealed a vital update after securing a Virtual Asser Service Provider (VASP) license in Dubai.

According to the update, Binance will migrate accounts for UAE residents from the Binance Global exchange to the Binance FZE exchange. This transition process will help users in the UAE to migrate their assets seamlessly.

However, to qualify for the transition, users must process their KYC verification through an email prompt on or before December 15, 2024. This transition also conforms to Binances strategy to comply with local regulations in the region.

Meanwhile, the Binance FZE exchange will offer lending and borrowing, broker-dealing, investment, and virtual asset management services.

The proposed transition process will not interfere with users account functions. So, users can still operate with their old accounts until the deadline. Moreover, users login details will remain unchanged after the transition to ensure a seamless process.

This process is part of Binances approach to complying with UAE regulations. Conforming with the Virtual Assets Regulatory Authority (VARA) framework will strengthen Binances presence in the region.

Binance launched a promotional campaign from June until October this year. Based on the campaign rules, all UAE residents who update their KYC before October 30 will be eligible for a grand prize of 1 BTC. However, terms and conditions apply.

Following regulatory loggerheads in some regions, Binance remains committed to updating its operations in compliance with local regulations for smooth business operations.

Disclaimer: The opinions expressed in this article do not constitute financial advice. We encourage readers to conduct their own research and determine their own risk tolerance before making any financial decisions. Cryptocurrency is a highly volatile, high-risk asset class.

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Binance Tackles Account Misuse with Stringent Security Measures, Plans to Suspend Violators - The Tech Report

Top analysts in the crypto industry now believe the more mainstream cryptocurrencies from Bitcoin (BTC) to Avalanche (AVAX) are overhyped and no longer hold the profit potential they used to have. Conversely, a popular analyst advises altcoin investors to buy ETFSwap (ETFS), an Ethereum token that is smashing presale records in the crypto space.

Top analysts and big figures in the crypto market say they favor ETFSwap (ETFS) as the next altcoin to rally above 500x over Bitcoin (BTC) and most popular altcoin, including Ethereum (ETH), Fantom (FTM), Binance Coin (BNB), and Avalanche (AVAX).

ETFSwap (ETFS) revolutionizes the crypto market by integrating the best parts of DeFi with institutional-grade assets. Built on the highly secure and scalable backbone of the Ethereum blockchain, ETFSwap(ETFS) offers investors and traders access to tokenized institutional exchange-traded funds (ETFs).

On ETFSwap (ETFS), traders and investors of all calibers can trade and invest in a diverse range of tokenized assets, including bonds, equity, treasuries, commodity ETFs, and cryptocurrency ETFs. These assets, in turn, cover a wide range of industries, from agriculture to healthcare, energy, etc.

Users can swap their crypto with ETFs on ETFSwap (ETFS) or vice versa. With up to 10x leverage on all trades, they can buy or sell ETFs with optimal liquidity. Things get a step further with perpetual futures and options trading, as traders can access up to 50x leverage to flip their investments for heightened profits.

ETFSwaps native token, ETFS, is so steeped in platform-wide utility that analysts predict 500x gains above Bitcoin (BTC) and the popular altcoins, including Ethereum (ETH), Fantom (FTM), Avalanche (AVAX), and Binance Coin (BNB). Users can enjoy discounted trading fees and a monthly airdrop from a reward pool containing all transaction fees collected as sell tax. Staking ETFS also enables investors to earn passive income with an 87% APR yield.

This is the prime time for investors to amass ETFSwap (ETFS) at a discounted price of $0.01831 as the public sale is ongoing. The 20% bonus promo also positions users to amplify the returns on their investments.

Bitcoin (BTC) started 2024 with impressive momentum, surpassing its all-time high of $69,170, to eventually set a new peak of $73,750 on March 14. However, the tides quickly turned as Bitcoin (BTC) began a correction phase, which currently has it trading under the $70,000 mark and close to the crucial support level of $60,000.

Bitcoin (BTC) is trading at $61,482 at the time of press, a further drop of 4.13% over the past week. Bitcoin (BTC) is not suffering alone, however. The bearish conditions on the worlds biggest cryptocurrency have caused ripples throughout the market, and the biggest altcoins, from Ethereum to Fantom (FTM), are facing challenges of their own.

ETFSwap Presale, Buy Now

The biggest altcoin, Ethereum, has taken a hit amid the ongoing bearish market conditions. Ethereum saw a sucker rally following the SECs approval of Spot Ethereum ETFs but has since trended downwards with a 0.23% drop over the past week.

Fantoms (FTM) infrastructure has come under intense scrutiny following a $200 million loss to the Multichain Exploit in 2023 and another $500,000 loss to a hot wallet hack in late 2023. The development does not bolster confidence in the notoriously volatile altcoin.

Avalanche (AVAX) and Binance Coin (BNB) are both trading at lower prices than their level a week ago and reduced trading volumes. Binance Coin (BNB) is currently priced at $576.44, while Avalanche (AVAX) is at $25.5.

Bitcoin (BTC), Ethereum (ETH), Fantom (FTM), Binance Coin (BNB), and Avalanche (AVAX) have all failed to inspire confidence as the crypto market plunges. However, ETFSwap (ETFS) is smashing barriers to becoming the favored altcoin among analysts for maximizing profits. Investors can join the presale now to ensure they reap bountifully when ETFSwap (ETFS) takes off to the moon.

For more information about the ETFS Presale:

Visit ETFSwap Presale

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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.

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Bitcoin, Ethereum, Fantom, Binance Coin, And Avalanche Are Overhyped, Analyst Says Buy This Altcoin Instead - CoinCodex

If you only had one chance to invest in your life, what would you do? A savvy investor would opt for stable investments with high return rates and long-term value. Crypto offers investors the chance to enjoy the best returns on investments. Investors have become wary as Polygon and Binance sink even before their boats sail. Now, the main question is, what should investors consider a wise investment in the top meme coin presale in 2024? MoonBag has won the hearts of investors. Employing a new approach, the coin adopts a brilliant tokenomics that assures a smooth transition to mainstream markets. Investors remain unaffected by Binance (BNB) and Polygons (MATIC) dip as MoonBag coin (MBAG) offers an outrageous ROI and an 88% APY on staking with MBAG. Moonbag takes the lead in the top meme coin presale in 2024 for many reasons: top-notch liquidity strategy, 88% APY on staking with MBAG, high-level security, and an outstanding ROI. Investors Decline Polygon as MATIC Takes a Giant Fall Even though perpetual swaps are live on Polygon, the coin declines, and investors are disappointed by the fact that all attempts have failed to revive MATIC, Polygons native coin. MATIC dropped by 11.28%, resulting in more withdrawals by investors. MoonBag coin has become a top option for Polygon investors, especially now that they can start Staking in MoonBag presale. Binance not Declines as Pressure from Competitions Increase; Why Investors are Opting for MoonBag Coin. By market cap, Binance is the fourth-largest coin in the industry. Such big coins are known to have a level of stability. Binance hit an ATH of $721.8, then spoiled that achievement by declining 15% in price. Binance approaches the resistance trend line, thus making investors hold back their investments. MoonBag has become a solid replacement for MoonBag, as experts believe it has the potential to be the next big thing. Future Price Predictions of $1 Elevate MoonBag as the Top Meme Coin Presale in 2024 Expert analysis predicts that MoonBag will potentially reach $1 this year. In just six stages of the MoonBag presale, over $2.5 million has been generated. Investors take advantage of the next digital gold and enjoy 88% APY with Moonbag staking rewards. For MoonBag crypto, it is all about the action. The 88% APY with Moonbag staking rewards is another key feature that has investors excited. MoonBag crypto sets a clear path for the top meme coin presale in 2024; all you have to do is follow that path to financial freedom. How to Buy MBAG? Join the best meme coin presales by buying your MBAG coins with these easy steps.

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MoonBag Crowned Top Meme Coin Presale in 2024 While Binance and Polygon Spiral Downitbot - Blockonomi

The Bitcoin ecosystem has seen more whale transfers in the last couple of months, raising concerns amongst crypto enthusiasts. The German government recently dumped400 Bitcoins on Kraken and Coinbase.

Bitcoin (BTC) wallets are beginning to come out of dormancy amidst a significant drop in the value of the flagship cryptocurrency. Crypto analytics platform Lookonchain spotted activities from a Bitcoin miners wallet that have been silent for the last 14 years. This wallet was active in the Satoshi Nakamoto era, which was the early days of Bitcoin.

A few hours ago, the said wallet transferred 50 BTC to the leading cryptocurrency exchange Binance. Noteworthy, Bitcoin is currently trading at $60,761.85 with a 1.06% slump in value within the last 24 hours. By this market price, the transferred assets were worth approximately $3.03 million.

The wallet owner secured 50 Bitcoins from his mining activity on July 14, 2010. This was even before the first Bitcoin halving event ever held. The Bitcoin miner mined block 67,254 and the block details include a difficulty of 45.38682234 and a transaction volume of 1,085.85 BTC across four transactions.At the time, BTCs mining reward was around 50 units of the coin.

It is worth noting that the firstborn digital currency was barely worth a cent at the time. Precisely, its price at the time was pegged at $0.05 per coin, bringing the total worth of the 50 BTC to only $2.5. Comparing $2.5 to $3.03 million, it is obvious that the 14 years of dormancy was worth the wait after all. It could even be tagged one of the most lucrative Bitcoin HODLing endeavors in all of Bitcoins history.

The movement of the coins suggests a potential selloff akin to all dormant wallet addresses that suddenly come alive. These wallets and their probable selloff activities might impact the broader crypto market.

The Bitcoin ecosystem has seen more whale transfers in the last couple of months, raising concerns amongst crypto enthusiasts. The German government recently dumped400 Bitcoins on Kraken and Coinbase.

These transfers were confirmed by data from blockchain analysis platform Arkham Intelligence. The 400 BTC, which was worth $24.4 million based on the cryptocurrencys price on Tuesday. Noteworthy, this transfer came after a previous transfer of 6,500 BTC worth $425 million on June 19 and another 2,500 BTC, about $154 million from a wallet with the name, German government.

Whale Alert also spotted an unknown wallet that transferred 3,746 BTC, about $243 million, fromBinance, while another unknown addresstransferred1,646 BTC, approximately $107 million, fromOKXto an unknown wallet.

According to Arkham Intelligence, several whale addresses were reactivated and transferred a total of $2 billion on-chain. Five wallets alone consolidated 50,000 BTC into four distinct wallet addresses.

Last month, a Bitcoin whale wallet that had stayed inactive for nine years resumed activity. From holding 1,000 Bitcoin at a value of $468,643, the wallet was worth $30.39 million, representing a 6,301.46% increase within almost nine years.

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14-Years Old Dormant Bitcoin Wallet Transfers 50 BTC to Binance - Coinspeaker

Gamza Khanzadaev

Binance CEO Richard Teng shares three essential tips for your cryptocurrency journey

In a recent X post, Binance CEORichard Teng shared his insights into how to begin a cryptocurrency journey. Addressing common questions from newcomers to the crypto space, Teng outlined three essential tips for those looking to get started.

First, Teng emphasized the importance of understanding the fundamentals ofblockchain and crypto. He advised potential investors to invest time in learning about these technologies to build a solid foundation.

Second, Teng highlighted the necessity of conducting thorough research. He encouraged individuals to explore various blockchain networks, protocols and projects. The principle of "Do Your Own Research" is central to this process, he says.

Lastly,Teng recommended starting with a small investment on a reputable platform. He suggested that beginners should gradually immerse themselves in the crypto market, experimenting and reassessing their strategies as they gain experience.

As the CEO of one of the world's leading crypto exchanges, Teng's advice carries significant weight. However, theBinance boss explicitly stated that his advice is not financial guidance but rather tips he has gathered over the years.

In addition to advice for newcomers, it would certainly be interesting to know what the current head of the world's largest crypto exchange thinks about the current state of the market. There is an answer to this question.

As recently as yesterday, Teng admitted that he assesses his mood as maximally bullish. He partially justified his opinion by the way the number of global physical vendors acceptingBitcoin payments has grown over the past year.

About the author

Gamza Khanzadaev

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.

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Binance CEO Delivers 3 Key Crypto Tips - U.Today

In this article we will analyze the trend over time of the price of the crypto BNB (Binance Coin) and NOT (Notcoin).

The crypto market is experiencing a calm moment, after the declines at the beginning of the week. It is therefore a good time to do some price analysis over slightly longer timeframes.

BNB is the native cryptocurrency of BSC, once known as Binance Smart Chain.

BNB was born as a token on Ethereum in 2017, with the ICO of Binance. At the time, the token was called Binance Coin.

Subsequently, with the launch of the BNB Chain, the denomination Binance Coin was abandoned, because it is no longer just the crypto of Binance but also the native cryptocurrency of BNB Chain.

In turn, BNB Chain is a blockchain ecosystem based on three chains, BNB Smart Chain (BSC), opBNB, and BNB Greenfield.

BSC, however, is the chain most used by common users, so by now BNB is defined as the native cryptocurrency of BSC.

Although BNB debuted on the crypto markets precisely in 2017, thanks to Binances ICO, it was only from the following year that its use began to spread, thanks to the success of the exchange.

Technically BSC was born in 2020, even though the year before Binance had already created another chain that had BNB as its native cryptocurrency.

It is therefore necessary to take different starting points as references to analyze the trend of the price of BNB.

The debut on the crypto markets of BNB in 2017 occurred at a price below 0.1$. However, it is not advisable to take that as the main reference point, because in hindsight it can be said that that price was excessively low.

Already at the end of the year, it had reached a peak higher than $24, and during the bear-market of 2018, it never fell below $4.

As a starting point for the rise in its price, it is probably advisable to take the bottom of 2018, set at around $4.5.

During 2019, with the launch of Binances first chain, BNB transitioned from a token on Ethereum to a native cryptocurrency, and its price over the course of the year reached a peak exceeding $38.

In other words, with the launch of the first Binance chain, BNB recorded new all-time high prices during a year that was not particularly good for the crypto markets, and in the absence of a major bullrun. This speaks volumes about how undervalued it was at the beginning in the crypto market.

In 2020, with the launch of BSC, it did not manage to repeat the boom of 2019, but in December it climbed back above $30 with the start of the last great bullrun.

And so during the course of 2021 the price of BNB skyrocketed to more than $650 in less than five months, with a +2,000% that many still remember very well.

At the time, there was a boom in DeFi on BSC, especially thanks to DEX like PancakeSwap.

On one side BNB was necessary to pay the fees on BSC, and with many users flocking to fast and cheap DEXs, the result was a strong surge in the use of this cryptocurrency.

On the other hand, the enormous success of Binance, and the use of BNB as a base for example for Launchpad and Launchpool, contributed to greatly increasing its demand.

During the year it then fell below $300, but in November it managed to climb back above $650.

Despite during the subsequent bear-market of 2022 the price dropped to around $200, and despite this bear-market for BNB extended until October 2023, with the start of the new bullrun crypto started to rise again.

In fact, the all-time high was actually recorded this year, at the beginning of June, when it managed to surpass $700 even if only for a brief moment.

It is worth noting that at this moment it is at $575, that is -20% from the highs and at figures lower than even the highs of 2021, but this is a dynamic in line for example with that of Bitcoin.

In the last seven days it has lost only 0.9%, and in the last thirty days 4%. Excluding the peak of June 5 and 6, its current price is quite in line with that of the end of May, although slightly lower.

It should not be forgotten that 2024 started with BNB just above $300, so 2024 remains a very profitable year for now, if we exclude the last three weeks.

Notcoin, on the other hand, is a whole different thing.

It is a token, NOT, created this year on the Telegram blockchain The Open Network (TON).

It is a sort of memecoin used in some mini-apps on Telegram, particularly in game-fi.

Despite this, it has already risen to 1.5 billion dollars in market capitalization, placing it at the 57th position among the most capitalized cryptocurrencies.

To have some reference points, AAVE for example capitalizes only $1.4 billion, while NOT capitalizes more or less as much as BONK, a well-known memecoin on Solana, and a little less than FLOKI.

It should not be forgotten, however, that NOT landed on the crypto markets only last month.

The historical data to analyze is therefore very limited, so much so that no important information can really be drawn from this analysis.

It is worth mentioning, however, that after debuting at around 11 thousandths of a dollar, its price had dropped to below 5 thousandths of a dollar by the end of May.

Despite a disastrous start, during the month of June the price first recovered, but then recorded new all-time highs even at 29 thousandths of a dollar.

On the other hand, being in fact a memecoin it has a very volatile and unstable market value, so it is not surprising that in a month and a half it first recorded a -54% followed by a +480%.

Currently it has returned to -47% from the highs, or about 15 thousandths of a dollar, a level still higher than the initial one.

Although from the highs of the beginning of the month it seems to have done almost nothing but go down, it is not at all possible to exclude some further rally.

It should not be forgotten that the TON ecosystem of Telegram is currently one of the most active.

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Analysis of the price of the crypto Binance Coin (BNB) and Notcoin (NOT) - The Cryptonomist

A rare Satoshi era Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance.

An early Bitcoin miner moved 50 BTC, equivalent to $3.05 million, marking a rare transaction from the Satoshi era. According to data from Lookonchain, the address 1PDTDm3Jcm sent the funds to Binance on Jun. 27.

Blockchain transaction history indicates that the miner obtained 50 BTC in July 2010, a few months after the Bitcoin network launched.

A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago.

The miner earned 50 $BTC from mining on July 14, 2010.

Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm pic.twitter.com/toKmBfbUne

The Satoshi era address refers to addresses that were active during the early days of the Bitcoin network, specifically from the time when the first cryptocurrency was created by Satoshi Nakamoto in 2009 until around 2011, which is when Satoshi Nakamoto mysteriously disappeared.

This is not the first instance of old Bitcoin wallets reactivating. Several addresses from the Satoshi era have shown activity since early 2023. In July of last year, a wallet dormant for 11 years transferred $30 million worth of Bitcoin to other wallets. In August, another wallet moved 1,005 BTC to a new address.

In March 2024, another long-inactive miner transferred funds after 14 years, with part of the transaction ending up at the crypto exchange Coinbase.

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Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity - crypto.news

Lucie, the Shiba Inu ecosystem marketing lead, addresses widespread misconceptions about the recent decision from Binance to remove a SHIB trading pair.

For context, yesterday, Binance announced plans to delist seven spot crypto trading pairs, including SHIB/TUSD, on June 28 at 03:00 AM (UTC).

The exchange claimed its latest review shows that the affected trading pairs have low liquidity and trading volume. As a result, it decided to remove them to protect users.

Notably, some crypto media outlets reported the news as though Binance was delisting Shiba Inu from its platform.

Reacting, Lucie characterized these reports as click-bait, clarifying that Binance is not entirely delisting Shiba Inu. She emphasized that the decision indicates that the top exchange is only removing the SHIB/TUSD trading pair.

Furthermore, the marketing lead encouraged Shiba Inu community members to always verify information from reliable sources before forming conclusions.

The notice aligns with further statements issued by Binance. According to Binance, the removal of the SHIB/TUSD trading pair does not affect the tokens availability on the exchange.

It added that users can continue trading the quote and base assets of the delisted pairs via other supported pairs.

With Binance declaring plans to remove SHIB/TUSD tomorrow at 03:00 (UTC), the exchange will be left with eight Shiba Inu spot trading pairs. They include SHIB/USDT, SHIB/FDUSD, SHIB/USDC, SHIB/EUR, SHIB/TRY, SHIB/DOGE, SHIB/BRL, and SHIB/JPY.

Meanwhile, this is not the first time that Lucie has debunked rumors of Shiba Inus delisting from Binance. Recall that shortly after Binance announced the removal of SHIB/BUSD and 22 other cross-margin pairs, some media platforms claimed that Binance was delisting Shiba Inu.

This malicious claim stirred reactions from Shiba Inu enthusiasts, including Lucie, who clarified that Binance is not delisting SHIB.

In the meantime, Shiba Inus price is still on massive decline due to the ongoing bloodbath across the broader crypto market. The dog-themed token has witnessed a daily loss of 3.96%, with a unit priced at $0.00001691.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Shiba Inu Issues Important Notice Regarding SHIB Listing on Binance - The Crypto Basic

Binance CEO Richard Teng offered guidance to beginners in the cryptocurrency market. In the latest post on X, Teng stressed that it is high time to know the basics of blockchain, invest a lot of time in research, and begin with small amounts of money on reliable Internet platforms.

According to his understanding, Teng noted that new users must understand blockchain and cryptocurrencies. He claimed that investors are enabled to make the correct decisions and deal with the convolutions of cryptocurrencies.

Teng recognizes undertaking extensive research and recommends investors do their research on different blockchain networks through DYOR or Do Your Own Research which empowers any person to determine the viability and authenticity of numerous crypto assets.

According to Teng, first-time crypto investors should start slowly by investing small amounts in reliable trading venues enabling learners to get familiar with market conditions and reduce risk-taking potential adequately.

Teng argues that through small investments, people can gradually develop their skills in the investment process. He pointed out that it is crucial to venture into developments in already existing structures that are secure and compliant with the set legal standards to help protect investments.

Also Read: Binance CEO Richard Teng terms Bitcoin Halving 2024 unique

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Binance CEO Advises Newbies on Crypto Investments - Crypto Times